Weidmann: German, Eurozone Growth Could Beat Forecasts - Report

TODAY: Dec. 28, 2014 PUB DATE: Dec. 28, 2014

FRANKFURT--Economic growth in Germany and the eurozone next year could outpace current forecasts, which don't fully reflect the decline in oil prices, Jens Weidmann, president of the Deutsche Bundesbank and a member of the European Central Bank's governing council, says ...

Infratil and New Zealand Superannuation Fund To Buy RetireAustralia

TODAY: Dec. 28, 2014 PUB DATE: Dec. 28, 2014

By Rebecca Howard WELLINGTON, New Zealand--A consortium owned by Infratil Ltd (IFT.NZ) and the New Zealand Superannuation Fund has entered into a sale and purchase agreement to acquire 100% of RetireAustralia. The deal is worth $640 million Australian dollars (US$520 ...

Japan's M&A Rankings Topped by a Two-Nation Hybrid

TODAY: Dec. 28, 2014 PUB DATE: Dec. 28, 2014

By Atsuko Fukase TOKYO--The top adviser on mergers and acquisitions in Japan is neither Japanese nor American but an unusual blend of the two that has overcome expectations of a culture clash. Mitsubishi UFJ Morgan Stanley Securities landed the No. ...

U.S. Economic Growth Is Strongest Since 2003

TODAY: Dec. 28, 2014 PUB DATE: Dec. 28, 2014

The U.S. economy posted its strongest growth in 11 years during the third quarter, supported by robust consumer spending and business investment. Gross domestic product, the broadest measure of goods and services produced across the economy, grew at a seasonally ...

Swedish Prime Minister Cancels Snap Election -- Update

TODAY: Dec. 28, 2014 PUB DATE: Dec. 27, 2014

By Charles Duxbury And Sven Grundberg STOCKHOLM--Sweden's prime minister on Saturday canceled snap elections planned for March after reaching a series of deals with the country's main opposition parties to make it easier for minority governments to function. Stefan Löfven ...

Swedish Prime Minister Cancels Snap Election -- 2nd Update

TODAY: Dec. 28, 2014 PUB DATE: Dec. 27, 2014

By Charles Duxbury And Sven Grundberg STOCKHOLM--Sweden's prime minister on Saturday canceled snap elections planned for March after reaching a series of deals with the country's main opposition parties to make it easier for minority governments to function. Stefan Löfven ...

Swedish Prime Minister Cancels Snap Election -- 2nd Update

TODAY: Dec. 28, 2014 PUB DATE: Dec. 27, 2014

By Charles Duxbury And Sven Grundberg STOCKHOLM--Sweden's prime minister on Saturday canceled snap elections planned for March after reaching a series of deals with the country's main opposition parties to make it easier for minority governments to function. Stefan Löfven ...

Samsung Phone Exports Help Vietnam Record Faster Growth in 2014

TODAY: Dec. 28, 2014 PUB DATE: Dec. 27, 2014

By Vu Trong Khanh HANOI--Vietnam's economic growth accelerated in 2014, driven by strong exports, as the country's inflation hit the lowest level in decades, government data released Saturday shows. Gross domestic product grew an estimated 5.98% this year, faster than ...

Samsung Phone Exports Help Vietnam Record Faster Growth in 2014

TODAY: Dec. 28, 2014 PUB DATE: Dec. 27, 2014

By Vu Trong Khanh HANOI--Vietnam's economic growth accelerated in 2014, driven by strong exports, as the country's inflation hit the lowest level in decades, government data released Saturday shows. Gross domestic product grew an estimated 5.98% this year, faster than ...

Swedish Prime Minister Cancels Snap Election -- 2nd Update

TODAY: Dec. 28, 2014 PUB DATE: Dec. 27, 2014

By Charles Duxbury And Sven Grundberg STOCKHOLM--Sweden's prime minister on Saturday canceled snap elections planned for March after reaching a series of deals with the country's main opposition parties to make it easier for minority governments to function. Stefan Löfven ...

Japan Inflation, Manufacturing Stagnate

TODAY: Dec. 28, 2014 PUB DATE: Dec. 26, 2014

TOKYO--Japan's inflation rate fell to its lowest level in over a year in November as the economy struggles to emerge from a recession, in a fresh setback to Prime Minister Shinzo Abe's campaign to end more than a decade of ...

Japanese Bond Yields Hit Historic Low

TODAY: Dec. 28, 2014 PUB DATE: Dec. 26, 2014

TOKYO--Japanese government bond yields sank to their lowest-ever level Thursday, defying an upswing in U.S. yields over the last week and demonstrating the Bank of Japan's overwhelming influence on the market. The benchmark 10-year Japanese government bond was yielding just ...

Russia Finance Minister Eyes Lower Military Spending

TODAY: Dec. 28, 2014 PUB DATE: Dec. 26, 2014

MOSCOW--Russia needs to reassess its military spending amid slowing economic growth and reduced access to global capital markets as falling oil prices have hit the domestic economy hard, Finance Minister Anton Siluanov said Friday. Russia will need to adapt its ...

China to Revamp Provincial GDP Calculation

TODAY: Dec. 28, 2014 PUB DATE: Dec. 26, 2014

BEIJING--China will change the way individual provinces calculate their gross domestic product, the China Daily reported Friday, aiming to bring it more into line with reality. China-watchers have long been amused to note that the sum of the GDP figures ...

Amazon Says Sales Through App More Than Doubled This Holiday Season

TODAY: Dec. 28, 2014 PUB DATE: Dec. 26, 2014

By Chelsey Dulaney Amazon.com Inc.'s app was busy this holiday season. The online retail giant said Friday that holiday sales made from its smartphone app doubled this year, as nearly 60% of Amazon.com customers shopped on a mobile device. Amazon ...

Russia: Ruble Is Stable but Economic Issues Remain

TODAY: Dec. 28, 2014 PUB DATE: Dec. 26, 2014

MOSCOW--Russia's finance minister declared the currency crisis over as the ruble firmed to a three-week high on Thursday, but President Vladimir Putin told his ministers they would have to work through the coming holidays to manage the country's deepening economic ...

Dollar Flat Againt Yen, Euro Amid Thin Trade

TODAY: Dec. 28, 2014 PUB DATE: Dec. 26, 2014

By Hiroyuki Kachi The dollar was largely unchanged against the yen and the euro in quiet trading in Asia on Friday, with the reduced number of market participants amid the holiday season avoiding any major moves. As of 0515 GMT, ...

Mexico Registers November Trade Deficit on Lower Oil Prices

TODAY: Dec. 28, 2014 PUB DATE: Dec. 26, 2014

By Anthony Harrup MEXICO CITY--Mexico ran up a $1.08 billion trade deficit in November as a drop in crude oil prices led to a deficit in petroleum products, offset by continued growth in exports of manufactured goods. Total exports last ...

U.S. Chamber of Commerce Pushes Priorities in Congress

TODAY: Dec. 28, 2014 PUB DATE: Dec. 26, 2014

By Patrick O'Connor WASHINGTON--The U.S. Chamber of Commerce flexed its muscle in the midterm election, winning 14 of 15 Republican primaries in which it was involved and helping the GOP recapture the Senate. Now it wants the Republican majority in ...

Robots Step Into Brewery, Bakery Roles

TODAY: Dec. 28, 2014 PUB DATE: Dec. 26, 2014

By John Revill ZURICH--A German brewer established in the 1790s has found a 21st-century answer to increasing profitability: robots. Nine years ago, Badische Staatsbrauerei Rothaus AG was struggling with production bottlenecks that weighed on its profits. Workers couldn't package and ...